Ethics in Accounting: A Decision-Making Approach
Ethics in Accounting: A Decision-Making Approach
1st Edition
ISBN: 9781118928332
Author: Gordon Klein
Publisher: WILEY
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Chapter 3, Problem 1E
To determine

Determine whether a utilitarian and a deontologist would agree or disagree with  the given statement.

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Explanation of Solution

Deontology: It is an ethical theory suggesting that morality of an action must be based on whether an action is right or wrong subject to a series of rules instead of the related consequences.

Utilitarianism: It is a doctrine that suggests that an action is right only if the action is beneficial for the majority. Under this doctrine, an action is right as long as the greatest happiness results for the greatest number.

Determine whether a utilitarian and a deontologist would agree or disagree with  the given statement.

In economic terms, a marginal utility of dollar to a starving person is far greater than the marginal utility lost by a wealthy person who donates all his possessions. Under deontology, fostering human dignity would encourage charitable giving to those who are not that fortunate. But, deontologist strongly believes in the protection of the property rights and would normally not support forced wealth transfers. A utilitarian would probably agree with the statement.

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